Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
June 3 (Reuters) - Gold prices rose on Monday to their highest in more than two months, with investors seeking refuge in safe-haven assets as heightened Sino-U.S. trade tensions and Washington's threat of tariffs on Mexico stoked worries of a global recession.
* Spot gold was up 0.5% at $1,311.15 per ounce at 0153 GMT, after touching its highest since March 28 at $1,311.44.
* The metal climbed above the key $1,316 level on Friday for the first time since April 11.
* U.S. gold futures rose 0.4% to $1,314.40 an ounce.
* U.S. stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday amid the mounting trade worries.
* Tensions between the United States and China escalated during the weekend as the two countries clashed over trade, technology and security.
* A senior Chinese official and trade negotiator said on Sunday the United States cannot use pressure to force a trade deal on China, refusing to be drawn on whether the leaders of the two countries would meet at the G20 summit to work out an agreement later this month.
* Global equity funds have seen outflows of $10.3 billion in the past week as the U.S.-China trade conflict prompted investors to take shelter in government bonds.
* In a sign that Sino-U.S. frictions are putting a big strain on the global economy, South Korea's exports - seen as a bellwether of world growth - fell 9.4 percent in May, worse than a median forecast for a 5.6 percent decline, official data showed on Saturday.
* The gloomy outlook has prompted traders to increase bets that the U.S. Federal Reserve will cut interest rates sooner rather than later.
* Hedge funds and money managers increased their net long positions in COMEX gold in the week to May 28, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.32 percent to 743.21 tonnes on Friday from Thursday.
* The U.S. Mint sold 4,000 ounces of American Eagle gold coins in May, down 60 percent from the previous month, according to the latest data.
* Gold premiums in top consumer China rose last week as investors bought the metal as a safe-haven, while bullion demand moderated in India as local prices jumped to two-week highs.
DATA AHEAD (GMT)
* 0750 France Markit Mfg PMI May
* 0755 Germany Markit/BME Mfg PMI May
* 0800 EU Markit Mfg Final PMI May
* 0830 UK Markit/CIPS Mfg PMI May
* 1400 US ISM Manufacturing PMI May (Reporting by Nallur Sethuraman in Bengaluru; Editing by Joseph Radford)